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Saturday, February 25, 2023

Analysis of the current Bitcoin trend

Analysis of the current Bitcoin trend

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

As you can see, Bitcoin has formed a descending triangle pattern in the 30-minute chart.
and there is a possibility that the price will jump in any direction.
If you refer to the previous idea about bitcoin , you will see that bitcoin is in a daily upward trend and the last swing has not broken its previous swing and the probability of falling and rising is 50/50, so I do not enter this trade as a trader.
But if you want to follow it, you can place sell stop and buy stop for yourself from below and above and wait.

This spike is expected in the next 2-3 hours

Via TradingView Ideas

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